ISN'T IT TIME FOR GOLDMAN SACHS TO BE LESS POWERFUL WITH ITS SINS?

Blogs are informative when written by people who have truly researched their subjects, especially when they are trained journalists.  William D. Cohan has written an article:  How Goldman Killed A.I.G.  (The article is long and the comments after it, most relevant.  If the subject interests you, spend a bit of time to enlighten yourself.  Our society has long jumped at the opportunity to demonize targets that are written about as having done wrong or being greedy. unless they are well protected as Goldman Sachs has been to date.

So many of our economic advisers have cut the professional teeth at Goldman Sachs.   That has always seemed to me that Obama let the fox into the hen house by believing he had the best economic team possible.  It is easy to second guess people's motives and think we know what we really know little about, from lack of exposure, lack of facts, or just plain assumptions and ignorance.

N.E. INDIAN SUMMER

Each year, Nature prepares us by throwing a frost or two...just enough to kill off most of the flowers and just enough to send us racing to batten down the winter hatches. Then Mother Nature teases us with Indian Summer, just as we are about to put on the winter longjohns.

This picture shows the wonderful, sunny-yellow color of leaves before the world turns more or less colorless for the winter, when we imitate the black and white of the Ascot Race in My Fair Lady.

Are our recent milder winters foretelling the reality of global warming? Those of us who experience S.A.D. have had our light boxes in use for several weeks. Most people by now have had a flu shot and we await the first fall of snow. People are planning Thanksgiving, a time for many families to get together. Before we have digested that meal, the crush of preparing for Christmas will be upon us. The middle class will not be buying $100,000. diamond dog collars this year though there may be some out there who can afford to do that while so many children in the country are malnourished.

I'd like to think, since Obama was elected, of the new political climate of America as the Indian Summer of our government, warmer and more suggestive of what it can be like after the long economic winter we have barely survived.

OUR ECONOMY TODAY IN THE USA

"The voodoo economics the Bushies have sold America to obscure their systematic fleecing of the nation's public wealth. The New York Times made it official. The Economy is a problem!"

A very long article to read. I've heard lots of discussions pro and con on the Bush Administration's economic policies. Here is yet another for undecideds and those struggling to make a living to examine.

For those intrepid readers who want knowledge, not sound bites and cute sayings, here is something from Aviation Week and Space Technology.

Please do not forget the words of Osama bin Laden early in the Iraq war who said he would break the economy of the USA. He seems well on the road to success, doesn't he?